Call +44 (0)1163267786 - Email office@m-cubed.org

Capital taxes

Highlighting capital gains tax and inheritance tax.

Capital gains

The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.

Comment

It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.

Inheritance tax

The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.

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M Cubed Chartered Accountants, Unit 8, The Courtyard, Gaulby Lane, Stoughton, Leicestershire LE2 2FL
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Registered in the UK and Ireland and regulated by the Institute of Chartered Accountants in England and Wales. M Cubed is a trading name of M Cubed Limited. A full list of the firms directors is open for inspection at Unit 8, The Courtyard, Gaulby Lane, Stoughton, Leicestershire LE2 2FL the principal place of business and registered office.
Registered in England & Wales: 02818027

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